Hyundai Makes Strategic Investment in Rimac

Hyundai is dropping 80 million Euros on Croatian electric automaker Rimac as it lines up a strategic partnership. The exciting result will be two high-performance electric cars released by next year.

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One of those performance vehicles will be an all-electric version of Hyundai’s mid-engine N car. This is all part of Hyundai’s plan to replicate the success European automakers have enjoyed with their own performance divisions.

The second car to come out of this collaboration is even more ambitious: a high-performance fuel cell electric vehicle. That certainly would push the envelope for innovation and could help propel hydrogen fuel cell tech to the next level.

Already, Rimac has a solid reputation for supplying electric components to other automakers. It was already supplying components to Hyundai, so this new alliance is an evolution in the relationship between the companies. Rimac has also produced two insane all-electric hypercars.

Rimac has been working with Porsche as well, which invested in the company about a year ago. With a growing number of partnerships, the Croatian automaker has come a long way from its humble beginnings. It could become a strong force in the evolving automotive market, making it a company to watch.